The average cost of a nursing facility in Oregon in 2018 is $8,750 per month. With private payment or “self-insuring” you will pay between $90,000 to $150,000 per year for nursing home care. Rather than depleting your life savings, there are options available to protect your assets.
A plan is necessary to prevent running out of money, leaving the home unprotected, and risking the health of family caregivers. An elder law attorney can assist families during a confusing time or crisis to evaluate options to preserve assets and qualify for Medicaid.